The founder and chairman of VistaJet Group Holding Ltd., parent entity of VistaJet (Malta) (VJT, Malta International), has told other investors that his 86% stake can be used to increase the company’s liquidity.

In a letter to investors cited by Bloomberg News, Swiss businessman Thomas Flohr said his stake provides “an enormous equity cushion in the business which can be accessed to bolster liquidity.”

VisaJet has reported adjusted 2023 EBITA earnings of USD801 million, down on the 2022 figure of USD841…

Source: ch aviation
Read more: VistaJet founder offers his 86% stake to improve liquidity